OSLO, NORWAY– 26 January 2021 – Reference is made to the notice made public by Zwipe AS (the "Company") on 7 January 2021 at 16:29 of an extraordinary general meeting in the Company scheduled to be held on 28 January 2021 at 10:00 CET. Due to the recent increase in the applicable Covid-19 restrictions, the Company has decided that the meeting will be held with only digital participation. No physical participation will be facilitated.
If you have registered your interest in accordance with the notice of the extraordinary meeting and want to participate, please send a request via e-mail to the Company to ir@zwipe.com by CET 16:00 on 27 January 2021 to receive an invitation.
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This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Market in Oslo and on Nasdaq First North Growth Market in Stockholm. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0)8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, on 26 January 2021 at 11:30 CEST.
Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 528 00 399
For more information contact: Lars Kristian Solheim, CFO, +47 991 66 135 ir@zwipe.com
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit www.zwipe.com
OSLO, NORWAY – 07 January 2021 - The board of directors of Zwipe AS call for an Extraordinary General Meeting to be held on 28 January 2021 at 10:00 CET.
Please find enclosed the notice of the Extraordinary General Meeting.
Following the capital increase in September and November, the nomination committee and the board of directors (the "Board") in Zwipe have assessed the need for changes to the nomination committee, so that the new nomination committee may assess the need for changes to the board of directors prior to the annual general meeting in 2021.
As part of its work on proposing new candidates for election to the nomination committee, the nomination committee, consisting of Paal Raaholt, Magnus Berner and Jörgen Lantto, has been in contact with several key persons related to Zwipe. The nomination committee has been in contact with shareholders, in particular the new major shareholder Vasastaden, as well as previous major shareholder (and now second largest shareholder) Lars Windfeldt. The nomination committee has also been in contact with the Board and the company's management, prior to presenting their proposal to the Board.
Resulting from these contacts, the nomination committee proposes that a new nomination committee is elected, consisting of Niclas Eriksson (Vasastaden), Lars Windfeldt and Jörgen Lantto.
“On behalf of the Board of Directors of Zwipe, I welcome the fact that our new major shareholder Vasastaden, a renowned Swedish institutional investor, wishes to take an active role as member of Zwipe’s nomination committee through its Chairman, Niclas Eriksson. I also welcome that Lars Windfeldt, who has been a major shareholder for Zwipe since 2011, wishes to join the nomination committee as its Chairman. The fact that our two largest shareholders wish to invest their time and energy into supporting the company, besides their capital investments, is very encouraging” said Jörgen Lantto, chairman of the Board of Zwipe.
As a result of this, the Board decided to call for an Extraordinary General Meeting, and proposed the following agenda:
Opening of the general meeting by the chair of the Board. Registration of meeting shareholders
Election of a meeting chairperson and person to co-sign the minutes together with the chairperson
Approval of the notice and the agenda
Election of members to the nomination committee
Proposed decisions from the Board (extracts only, please see the attachments to the notice for the full proposals)
Matter no. 4: Election of members to the nomination committee
In accordance with the proposal from the nomination committee and the support from the board of directors, the Board propose the following new nomination committee is elected:
Niclas Eriksson
Lars Windfeldt
Jörgen Lantto
Further it is proposed that Lars Windfeldt is appointed as the chair of the nomination committee.
Notice of attendance, in person or by proxy, shall be given no later than 27 January 2021 at 16:00 CET. Shareholders are encouraged to register via the following link here.
Alternatively, the attached form may be sent by e-mail to genf@dnb.no, or regular post to DNB Bank ASA, Verdipapirservice, NO-0021 Oslo.
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About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit www.zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Oslo Børs Merkur Market and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0)8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 16:30 CET on 7 January 2021.
Season's Greetings from André Løvestam, CEO of Zwipe
OSLO, NORWAY - 23 DECEMBER 2020 - Zwipe is enjoying strong traction in the payments industry with solid operational and commercial progress this fall and early winter.
Leading stakeholders in the global payments industry are engaging with Zwipe because of our full dedication to biometric payment solutions, and our leading technology platform, Zwipe Pay ONE. To support our global efforts, we have recruited seasoned experts, both commercial and technical, from leading companies to accelerate our mission of bringing the next generation contactless payment solutions globally.
Acceleration in partnerships and issuer engagements
Our collaboration with TietoEVRY, a leader in payment services in the Nordics and Baltics, has already proven highly effective in accelerating commercialisation of Zwipe Pay ONE. Within weeks of our go-to-market agreement we jointly secured the first pilot on Zwipe Pay ONE with OP, the largest Financial Services Group in Finland. The bank aims to bring biometric payment cards to the market after the pilot. At the same time, many more dialogues with banks are ongoing, boding well for further commercialization in Europe and beyond.
Consolidating our global delivery footprint
We continued to leverage and expand our strong global partner network. In the last six weeks alone, we consolidated our position in the Middle East significantly, cementing and finalising our technology and go-to-market partnerships with three leading players in card payments, areeba, Inkript and VeriTech. Our partners have already started to put biometric payments on the agenda of leading issuers in the Middle East. We are also gaining momentum in other fast-moving regions. During the year, we also announced five new smart card manufacturing customers (in Asia, LATAM and Europe) and some first small orders.
Continuous progress equals de-risking
Monday 21 December, Zwipe and Idemia announced that the next generation biometric card secure chip they are co-investing in, has obtained the ICCN security certificate from EMVCo, as planned. Zwipe has worldwide exclusive rights to this disruptive single-chip biometric technology which, combined with our comprehensive biometric system on card offering and our deep technical and ecosystem expertise, is what makes Zwipe the natural “One Stop Shop” for all smart card manufacturers aiming to meet the soaring demand for a more convenient, truly contact free payment experience. The ICCN certification is one important step further in de-risking our solution towards the long awaited launch in 2021.
Looking ahead
In 2020 we have experienced increased interest in biometric payment cards with commercial activities picking up and first rollouts finally commencing on certified biometric card platforms. We look forward to more such rollouts during 2021 as the now mobilized ecosystem gains pace.
Market studies from the Nordics, the UK and the United States show strong demand from consumers for safer and more secure contact-free payments. A vast majority of consumers want their next payment cards to be biometric, and 1 in 2 is even prepared to pay a meaningful fee to the issuers for all the benefits that next generation cards deliver. We seem to face a broad, mass market demand, rather than a niche market demand only. Consequently, the long-term potential of the market for biometric payment cards (BPCs) seems to be much larger than previously anticipated. The recent ABI Research report on BPCs pointed to the likely long-term scenario that biometric payment cards will eventually take over from today’s contactless cards. In fact, I believe that biometrics will be as ubiquitous in payment cards towards the end of this decade as it is in mobile phones today.
We announced the first commitment for a pilot on Zwipe Pay ONE in 2020 and expect many more to come, laying the foundations for the first commercial deployments in 2021. While COVID-19 did cause some delays across some parts of our ecosystem, we also experienced an unprecedented acceleration in our engagements with issuers and card manufacturers in H2 2020. We are confident that our continuous progress and strategic go-to-market partnerships, as well as our technological leadership in biometric payment, are laying the foundation for a long journey of value creation for our customers, our shareholders and for society at large. We remain focused on securing important commercial wins going forward.
I would like to take the opportunity to thank each valued member of my outstanding team at Zwipe for their relentless efforts and to thank our customers, partners and shareholders for their immense faith in Zwipe.
On behalf of everyone at Zwipe, I wish you all safe and happy holidays. See you all in 2021!
Here is an overview of our recent major announcements:
Zwipe strengthens organization with top payments industry talents
Zwipe and VeriTech partner to deliver next generation contactless payments in Kuwait
Swedish consumer survey shows large interest in biometric payment cards in response to COVID-19
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About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit www.zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY AND COURBEVOIE, FRANCE – 21 December 2020 - IDEMIA, the global leader in Augmented Identity, has obtained, as planned, the ICCN security certificate from EMVCo, for the next generation biometric card secure chip, for which ZWIPE has secured worldwide distribution rights[1].This is a major step forward in delivering on our joint vision of an affordable biometric card for all.
In a context where global demand for contactless payments is booming, biometric cards are best placed to ensure secure, hygienic and convenient payments. The exclusive partnership and distribution agreement between IDEMIA and ZWIPE aims to promote biometric card as the reference for tomorrow’s contactless payments.
The ICCN[2] security certificate is a key milestone towards the next generation biometric card and confirms IDEMIA's outstanding expertise in the field of payments and biometrics. Our biometric payment chip complies with the most demanding performance and security criteria for a safe and convenient payment experience.
Ready-to-roll-out in the second half of 2021, the new generation biometric cards, FCODE Gen2 for IDEMIA, and the ZWIPE Pay ONE technology platform for ZWIPE, will deliver state-of-the art performance and security, as per market and schemes requirements. IDEMIA leverages its unique combination of payment, biometrics technologies and expertise to drive adoption, and accelerate market growth together with ZWIPE.
“With this new generation of biometric cards, we want to shape the future of payment and to offer an unparalleled and affordable technological experience, accessible to all. We are proud that IDEMIA's cutting-edge technology can deliver a new, more secure user experience to the market. Our ambition is to make biometric card a reality and more than ever, we are on the right track”, said Amanda Gourbault, IDEMIA’s Executive Vice-President Financial Institutions.
“The ICCN security certificate from EMVCo is an important step towards offering ZWIPE Pay ONE to our global customer network. This disruptive biometric technology platform, combined with our deep technical and market expertise, is what makes ZWIPE the natural One Stop Shop for all smart card manufacturers aiming to meet the soaring demand from issuers and consumers for a more convenient, truly contact free payment experience”, said André Løvestam, CEO of ZWIPE.
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About ZWIPE
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free.
To learn more, visit www.zwipe.com / Follow @zwipe on Twitter
For further information, please contact André Løvestam, CEO, +47 991 66 135 / ir@zwipe.com
About IDEMIA
IDEMIA, the global leader in Augmented Identity, provides a trusted environment enabling citizens and consumers alike to perform their daily critical activities (such as pay, connect and travel), in the physical as well as digital space.
Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, an identity that ensures privacy and trust and guarantees secure, authenticated and verifiable transactions, we reinvent the way we think, produce, use and protect one of our greatest assets – our identity – whether for individuals or for objects, whenever and wherever security matters. We provide Augmented Identity for international clients from Financial, Telecom, Identity, Public Security and IoT sectors. With close to 15,000 employees around the world, IDEMIA serves clients in 180 countries.
For more information, visit www.idemia.com / Follow @IDEMIAGroup on Twitter
Press contact: Hanna Sebbah, idemia@havas.com /+33 (0) 6 63 73 30 30
[1] IDEMIA and ZWIPE partner to offer a disruptive biometric payments card platform, September 2019
[1]IDEMIA, ZWIPE and IDEX achieve key milestone towards next generation biometric card platform, April 2020
[2] ICCN: Integrated Circuit Certificate Number, a unique number that identifies the EMVCo compliance certificate for an IC
OSLO, NORWAY – 08 December 2020 – Zwipe, a leading biometric fintech company, is pleased to confirm that it has appointed John Goodale, formerly Senior Vice President, Sales Operations at TSYS International, as its new Chief Sales Officer, Andy Saines, formerly Sales Director at Giesecke + Devrient, as VP Key Accounts and Anders Bigseth, formerly PR Lead at Huawei Norway, as VP Marketing and Communications.
Mr. Goodale joins Zwipe in January 2021 after spending nearly two decades at TSYS, one of the world’s largest payments processors, serving in a variety of senior business development roles where his business acumen, coupled with his technical knowledge, has enabled him to develop compelling sales propositions and win new business across a broad portfolio of financial products and services all over the world. Mr. Goodale will lead Zwipe’s engagement and conversion efforts with smart card manufacturers, while also supporting engagement with issuers and selected go-to-market partners to further strengthen Zwipe’s position in the global biometric payments market.
Mr. Saines joins Zwipe from January 2021 from Giesecke + Devrient Mobile Security, one of the world’s largest card manufacturers, where he served for nearly five years as UK Sales Director. Before that, he spent 18 years at Entrust Datacard, of which the last 5 years were as EMEA Sales Director. He brings with him extensive smart card industry experience and deep knowledge of card issuance solutions. As VP of Key Accounts, Mr. Saines will be responsible for driving deeper relations and business with strategic accounts.
Mr. Bigseth joined Zwipe as of 1 December 2020 with an award-winning background in public relations and communications, serving in a variety of senior communication positions at DNB, Teller (formerly Visa Norway), Telia and most recently Huawei, where he led public relations efforts in Norway. As VP Marketing and Communications, Mr. Bigseth will utilize his extensive communications experience and media network to further Zwipe’s strong position within the fast-growing segment of next generation contactless payments.
“The biometric payments marketplace is evolving quickly, and we see a strong increase in the demand for Zwipe’s products and services globally. I am delighted that we have been able to attract such qualified and talented new team members from such prominent companies. This is a testament to our strong position and future outlook,” said André Løvestam, CEO of Zwipe.
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OSLO, NORWAY and KUWAIT CITY, KUWAIT – 03 December 2020 – Biometric fintech company Zwipe and VeriTech, the leading payment and banking technology solutions provider in Kuwait, have partnered to address the growing demand for biometric payment solutions in Kuwait and across the Middle East.
VeriTech is the market leading provider of EMV payment card personalization, self-service kiosks, POS and Mobile NFC and Host Card Emulation to banks in Kuwait. Its vision is to be acknowledged as the trusted banking and payment distributor of leading next generation payment solutions across EMEA, whilst exceeding its partners and stakeholders’ expectations.
Speaking on the partnership Shakeel Khokhar, CEO of VeriTech, said “Kuwait has been a test bed and early adopter of innovative payment offerings for many years. Having seen firsthand other solutions in the market, we are excited to embrace Zwipe Pay ONE as our preferred biometric payment card product,” adding “the urgency with which issuers are demanding more contact-free payment alternatives is really driving interest and investment in this area with some of the largest banks in the region who we count as customers.”
Through this partnership, Zwipe will provide key components for the Zwipe Pay ONE biometric payments platform and take lead on providing advisory services directly to banks and card issuers focusing on user experience in close collaboration with VeriTech.
“This partnership is another big step forward for Zwipe in driving our continued expansion in the Middle East where we have a strong network of technology partners in place. Working closely with VeriTech, we will be harnessing both companies’ unique technology, product and market assets, including VeriTech’s close relationships with leading banks in Kuwait, to offer innovative biometric payment solutions” said André Løvestam, CEO of Zwipe.
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OSLO, NORWAY– 23 November 2020 – Biometric fintech company Zwipe confirms that its Zwipe Pay ONE platform will be incorporated in the recently announced market pilot with TietoEVRY and OP Financial Group. OP is Finland’s largest financial services group offering banking, non-life insurance and wealth management services for over four million customers. TietoEVRY is the leading provider of software and digital banking services and a leader in card payment services in Nordic & Baltic region. Subject to a successful pilot, OP will consider launching biometric payment cards.
See announcement from TietoEVRY here.
Based on a disruptive single silicon payment platform, Zwipe Pay ONE is a first-of-its-kind solution delivering superior energy efficiency and excellent biometric performance at highly competitive prices.
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This is information that Zwipe AS is obliged to make public pursuant to the Continuing obligations of companies admitted to trading on Oslo Børs Merkur Market, Nasdaq First North Growth Market and the EU Market Abuse Regulation. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 09:20 CET on 23 November 2020.
OSLO, NORWAY – 19 November 2020- The share capital increase of 1,000,000 new shares in Zwipe AS, as resolved by the board of the company on 28 October 2020, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,290,657.60, and the new number of shares and votes is 32,906,576.
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This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Oslo Børs Merkur Market and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0)8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 10:00 CET on 19 November 2020.
OSLO, NORWAY – 29 October 2020 –
Reference is made to the stock exchange announcement from Zwipe AS dated 28 October 2020 regarding the final results of the subsequent offering, and the allocations of offer shares that were made to primary insiders.
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act
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About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards and wearables that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit www.zwipe.com
For further information please contact: Lars Kristian Solheim, CFO, +47 991 66 135 ir@zwipe.com
OSLO, NORWAY– 25 JUNE 2019 – Biometric technology company Zwipe has entered into a partnership with XH Smart, a global smart card manufacturer, focused on commercializing end to end biometric payment offerings to XH Smart customers in China and beyond.
XH Smart is a global solutions provider offering end-to-end digital security solutions to banks and telecom operators in more than 70 countries across the world. A fully accredited Visa, Mastercard and China UnionPay card manufacturer, the company has grown rapidly since its founding in 2011, becoming a global player in the payment card marketplace, marked by several large industry acquisitions both inside and outside of China. In 2018 the company manufactured in excess of 44 million payment cards.
Speaking on the agreement with Zwipe, Mr Eehou Lim, XH Smart Group SVP, said “We are convinced that biometric payment cards is becoming one of the new standards in payments going forward and that is why we have partnered with Zwipe, the only company that can assist us in offering an end to end solution to our customers. We are confident that we have the right pieces in place to seize this exciting opportunity.”
Zwipe’s end to end offering buoyed by its strong intellectual property portfolio provides card manufacturers physical components and manufacturing support. Additionally, the comprehensive package covers advisory services that will enable card manufacturers to provide a more complete offering to banks and issuers, by directly supporting product integration, customer enrolment and onboarding on multiple platforms.
Commenting on this partnership, André Løvestam, CEO of Zwipe said “We are excited to partner with XH Smart and to contribute to their capacity to deliver not just an innovative new product but a complete experience to their discerning customers, driven by our shared commitment to making convenience secure.”
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Munich, Germany, and Oslo, Norway – 18 June 2019 – Biometric technology company Zwipe and the world’s leading provider of semiconductor solutions in the payments market, Infineon Technologies AG, have extended their non-exclusive partnership through a long-term agreement. This settlement outlines both technical and commercial collaboration between the two companies. The two parties will co-define and develop advanced system-on-chip solutions and related system designs for mass deployment of biometric smart devices, including payment cards and wearables.
Tap and go payments with biometric cards are gaining considerable market traction as they significantly improve the user experience without compromising on security, supporting the strong customer authentication (SCA) requirements demanded by the second Payment Service Directive (PSD2) in Europe.
Zwipe and Infineon have a long-standing relationship. Infineon’s Secure Element is currently deployed in all pilot projects featuring Zwipe’s biometric payment platform, currently supporting multiple leading payment networks run by 12 major banks in various countries across Europe and the Middle East. Card manufacturers plan to certify fully biometric payment cards and make them commercially available this year.
Commenting on this partnership, André Løvestam, CEO of Zwipe, said “We are proud to strengthen our long-standing partnership with a global technology leader such as Infineon. This collaboration further enhances our ability to commercialize our technology and IP through competitive solutions for mass-volume deployment.”
Bjoern Scharfen, Head of Payment & Wearables at Infineon had the following to say: “Our collaboration and joint offering with Zwipe is a key accelerator of mass deployment in the biometric payment market.”
Working together, the two technology companies will seek to develop advanced integrated solutions optimized to the volume requirements of biometric dual-interface payment cards. The platforms being developed combine simplified card design with reduced bills of material.
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*Secure Element (SE) is a microprocessor chip which can store sensitive data and run secure apps such as payment. It acts as a vault, protecting the information inside the SE (applications and data) against malware attacks that can be typical launched against the host (i.e. device operating system).
OSLO, NORWAY– 3 JUNE 2019 – Biometric technology company Zwipe and Goldpac, China’s largest secure payment solution provider are partnering to launch biometric payment cards, enrolment offerings and related services to Goldpac’s extensive customer network, including some of the largest financial organizations in the world.
Goldpac is fully certified by VISA, MasterCard, China Union Pay, American Express, JCB and Diners. As one of the top payment card producers in the world and the largest in the Asia Pacific region, Goldpac supplies payment smartcard chips, instant issuance card kiosks and card personalization /issuance solutions.
Speaking on this partnership, Oliver Hui, Senior Vice President of Goldpac Group, said “At Goldpac, we focus on supplying our customers with state-of-the-art fintech solutions that help them succeed in today’s dynamic payment ecosystem, and doing so innovatively and securely. Biometric cards enable our card issuance customers to in turn provide their end users with cards that are secure and convenient to use, such as for payments or for identification, and we are excited to work with Zwipe to qualify and then introduce their biometric technology to our customer base, in the process providing a winning solution to our customers.”
The complete collaboration will include licensing of Zwipe intellectual property, technical integration of Zwipe components and hardware, adoption of Zwipe’s suite of enrolment solutions and advisory services, targeting biometric payment card pilots with various issuers before the end of 2019.
Commenting on this milestone agreement, André Løvestam, CEO of Zwipe said “ Goldpac is one of the largest, and fastest growing innovators in the global payment card market and we are excited to support their efforts in commercializing biometric payment solutions globally.”
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OSLO, NORWAY – 3 JUNE 2019 – Biometric technology company Zwipe today announced that Lisbeth Breum has notified the company that she is resigning from her position as chief financial officer effective 31 August 2019 to assume a CFO role in a company unrelated to biometrics, smart cards or payments.
“On behalf of the Zwipe team, I want to thank Lisbeth for her contributions during formative years for Zwipe. We wish her all the best in her future endeavors,” said André Løvestam, Zwipe CEO. The company is in the process of finding a new CFO and will announce this when concluded. “We have added new capacities to both our technology and operations teams during the last year. The new CFO will join a team built to drive the next part of our journey towards international commercialization of Zwipe’s leading solutions”, Løvestam added.
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OSLO, NORWAY- 14 May 2019 - The Annual General Meeting in Zwipe was held today. Enclosed are the Minutes of Meeting from the Annual General Meeting.
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BEIRUT, LEBANON – 09 MAY 2019 – Biometric technology company Zwipe and Inkript, a digital security provider and a subsidiary of Resource Group, have partnered to launch biometric payment cards.
Inkript’s state-of-the-art manufacturing facilities in Lebanon and Saudi Arabia are certified by Visa and Mastercard for EMV cards production. The company caters for customers across the Middle East, Africa and Europe, and has shipped over 70 million smartcards in 2018, making it one of the largest card manufacturers in the region.
Speaking of this partnership, Hisham Itani, Chairman and CEO of Resource Group said “we are pleased to launch our partnership with Zwipe to cater to the growing demand of secure banking cards in the region. Biometric payment cards add a valuable layer for secure payments and banks are keen to have this innovative product. He added “Our partnership with Zwipe, a proven technology leader in this emerging market, is introducing a cutting-edge biometric solution to financial institutions in the region and we are happy to be among the first movers.”
Zwipe and Inkript will collaborate technically and commercially to bring biometric payment cards to market. Several banks have expressed interest to pilot the offering, with the first pilots expected to launch before the end of 2019.
Commenting on this important partnership, André Løvestam, CEO of Zwipe said “we are excited to partner with Inkript to introduce and deploy our technology with their customers. Based on the positive feedback from the successful pilots in the region, we are confident that the market is primed for growth.”
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OSLO, NORWAY- 23 April 2019 - The board of directors of Zwipe AS (the “Company”) calls for the annual
general meeting to be held at the premises of Advokatfirmaet Simonsen Vogt Wiig AS at Filipstad Brygge 1, 0252 Oslo, Norway on 14 May 2019 at 13:00 CET.
Please find enclosed the notice of the annual general meeting. The notice and the Company’s annual report for 2018 is available on the Company’s website www.zwipe.com.
Notice of attendance, in person or by proxy, shall be given no later than 13 May 2019 at 16:00 CET. Shareholders are encouraged to register this electronically through the company’s website www.zwipe.com. Alternatively, the attached form may be sent by e-mail to genf@dnb.no, or regular post to DNB Bank ASA, Verdipapirservice, NO-0021 Oslo.
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Q1 2019 highlights and recent developments
Status and outlook
André Løvestam, Chief Executive Officer at Zwipe, said:
“Throughout the first quarter, we have continued to execute on our Generation NxT program, focusing on technological and supply chain advancements and cost reductions, making sure we have a competitive offering available as the industry is moving forward towards making biometric payment cards an offering to paying consumers. We have also made progress in ongoing pilots and continuously gained valuable feedback, enabling us to develop our products’ performance and functionality to even better meet the needs of the marketplace. We remain dedicated to ensuring continuous organizational improvements, which will be a vital differentiating factor as we move towards the large-scale, commercial adoption of biometric payment technology.
A strong and diverse partner ecosystem will also be increasingly important going forward. We see a trend that stakeholders across the value chain are branching out to multiple partners to reduce dependency on single partners or technologies, and we expect banks, payment networks and card manufacturers alike to secure at least dual-sourcing of their solutions for continuity of supply and general risk mitigation.
The feedback we have received and the experiences we have gained as supplier of inlays to the absolute majority of battery-less contactless biometric payment cards pilots to date, as well as the improvements we have achieved in both improving performance and reducing manufacturing cost for our Generation NxT-based inlay, which is our solution for the certification process and the anticipated subsequent roll-out of commercial biometric payment cards, make us confident that we remain well-placed to be a leading supplier of inlays in this phase.
Throughout the first quarter, we continued to strengthen our market position by building new important strategic partnerships, supporting our long-term ambition of catering to the unique needs of different regions.
The scale and scope of the opportunity we face is continually confirmed with increasing interest from stakeholders globally and we remain confident in Zwipe’s strong position in the biometric payment card value chain as we continue on our mission of making convenience secure.”
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OSLO, NORWAY – 16 APRIL 2019 – Biometric technology company Zwipe announces a proprietary JavaCard operating system (OS) solution compatible with multiple global payment network applets. The solution is integrated with Zwipe’s biometric engine and is relevant for biometric payment cards, wearables and other ultra-low power payment and biometric applications.
In the biometric payment card marketplace, the primary operating systems in use are Multos and Java. Speaking on the JavaCard OS solutions development, André Løvestam, CEO of Zwipe, said “With this announcement, Zwipe is uniquely positioned to be able to offer products that address both Multos and Java, further broadening the company’s scope in meeting various customer preferences and needs in the biometric payment card marketplace” adding “several of our already announced partners will use our JavaCard enabled biometric payment solution and we have received interest from multiple other card manufacturers to integrate it into their payment card offerings”.
Zwipe’s biometric payment platform features the company’s biometric engine and power management systems located on a flexible inlay which is integrated inside a traditional payment card by card manufacturing partners. This platform is seamlessly integrated with JavaCard OS and multiple payment applets found on the card’s secure element.
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